South Korea

Korea’s internet firm Naver acquires Poshmark

They plan to establish a global player in the online fashion re-commerce market.

Korea’s internet firm Naver acquires Poshmark

They plan to establish a global player in the online fashion re-commerce market.

Market Kurly operator postpones planned IPO

The company plans to push through with public listing ‘at an optimal moment.’

South Korea's department stores reduce VIP benefits

Analysts said VIP customers surged amidst a spike in luxury consumption.

L’Oréal invests in micro-printing startup

The company developed the L’Oreal Brow Magic with Prinker Korea.

Inflation, population woes could melt South Korea’s ice cream market

The market is projected to decline by 5.8% annually until 2026. 

South Korea’s make-up market to surge by 5.5% 

This will be driven by product innovation and rising online sales.

South Korean retailers offer low-price cakes ahead of Christmas

Some are providing discount benefits for pre-orders.

South Korea's small stores lag behind big department stores in sales

Small supermarkets and groceries only saw a 0.4% sales growth.

South Korea’s Coupang to remain profitable amidst funding crunch: report

The company’s net profit stood at $91m in the third quarter.

US-based Five Guys eyes expanding to South Korea

The burger chain has inked an agreement with the Galleria department store to open next year.

Lower consumer confidence hits South Korea's retail sector

The country’s retail sales dropped for the first time since December 2020.

South Korea’s retail sales grow by 9.7% in July

This is due to the increase in outdoor activities.

South Korea wins race in aesthethic market: report

The market is expected to grow 7% annually between 2022 and 2030. 

South Korea’s convenience stores bring out rare gift sets for Chuseok

These gifts include high-end liquor sets, electric vehicles, and electronics.